There is a nice AMEX Membership Rewards transfer bonus to Air Canada’s Aeroplan floating around out there. Folks report being targeted with a bonus of 10% to 20%. I checked my account, but I wasn’t targeted.

Air Canada’s Aeroplan miles can be extremely useful because they have generous rules when it comes to things like adding free stopovers on award flights. But you could end up paying hefty fees depending on which partner airline you are flying with. So if you want to make the most out of your transfer bonus, check out our complete guide to using Aeroplan miles.

If You’re Targeted for the Best Transfer Bonus, You Could Fly to Norway With Only 50,000 AMEX Membership Rewards Points!

You can book Air Canada award flights to Europe Zone 1 (including France, Germany, Ireland, Italy, Portugal, Spain, the UK, and more!) for only 60,000 Aeroplan miles. So if you qualify for the 20% transfer bonus, you’ll be able to book a round-trip award to lots of places in Europe for only 50,000 AMEX Membership Rewards points (50,000 AMEX points + 20% transfer bonus)!

This bonus is highly targeted and doesn’t appear to have an end date, so it could disappear at any time. And Ben, from One Mile at a Time, points out that the way these “flash bonuses” work is you’ll usually only get one chance at the bonus. Once you click on it the first time, it won’t be around the next time you check.

So if you’re targeted and it’s a good deal for you, then you’ll need to jump on it right away.